Words and good intentions in the matter of climate change are not sufficient. Actual actions are called for – rather sooner than later. This is why we, along with 130 dedicated investors with more than USD 13 trillion in combined assets under management, signed a public letter to the G20 leaders urging them to take the next step after the Paris Agreement; the first-ever universal, legally binding global climate deal adopted by 195 countries during the Paris climate conference (COP21) in 2015.
- The Paris Agreement is considered a breakthrough. But we need long-term policy commitment from the governments and we are afraid that this will not happen, unless we put pressure on the G20 leaders, says Sasja Beslik, Head of Sustainable Finance.
The transition is inevitable
In the public letter, the investors state that “The Paris Agreement on climate change provides a clear signal to investors that the transition to the lowcarbon, clean energy economy is inevitable and already underway.”
The letter also urges the world’s 20 mayor economies to implement the 2015 Global Investor Statement on Climate Change’s, a statement is signed by 409 investors representing more than US $24 trillion in assets, recommendations for governments. E.g. to provide stable, reliable and economically meaningful carbon pricing; to strengthen regulatory support for energy efficiency and renewable energy; to support innovation in and deployment of low-carbon technologies; to ensure that national adaptation strategies are structured to deliver investment.
Want to read more? Access the letter here.